Humans are basically the same. All have blood, bones and skin. But, why can anyone be a successful person. While there are also people who always feel difficulties throughout their lives.
What really distinguishes is the ability to manage various things in his life, including managing personal finances. Successful people can always do well. As a result they can arrange their lives according to their dreams.
To manage personal finance is actually not complicated. There are several principles that can be used as a handle when managing personal finance. These principles are often referred to as Golden Rules because they can be applied by anyone and at any time.
All of that is not just empty messages. Successful people like Jack Ma, Warren Buffett, Carlos Slim have proven it themselves. By practicing how to manage personal finances in a disciplined and consistent manner, they can accelerate into successful people in their lives.
Want to know how they manage personal finance? Check out the following review.
Use Money Under Revenue
"Only buy something that you 'd be perfectly happy to hold if the market shut down for 10 years." - Warren Buffett
A crucial factor in managing personal finance is the ability to refrain from using money below the amount you have.
This is not easy because desires and needs are contradictory. Desires have never been exhausted, while the needs must be fulfilled.
Often people's failures in managing personal finances are due to prioritizing wants rather than needs. As a result, the money used can be greater than what is owned. Famous investor from the United States, Warren Buffett, has put it into practice.
The third richest man in the world in 2015 according to Forbes even has a habit of suppressing tight spending. He said, "Don't save as much as the money left after being used. Use the money available after saving. "
To do this, Buffett always keeps his life style down. Despite being a billionaire, Buffett still lives modestly. One example he chose to continue to live in a simple house he bought in 1958.
With property price movements up to now, the house is worth 31,500 US dollars (around Rp.412.3 million). In fact, with the value of wealth estimated by Forbes reached 66.4 billion US dollars, Buffett should be easy to buy a new home.
According to Buffett, anyone can manage personal finances like himself. Saving is called a habit that must be owned. "I think the biggest mistake for most people is not learning to save well from an early age, because it's a habit," Buffett said.
So what are you waiting for? Immediately press expenditure as small as possible. Spend money according to what is left after saving, for a better life.
Always Planning for the Future
"Never give up. Today is hard, tomorrow will be worse, but the day after tomorrow will be sunshine." - Jack Ma
The next main principle in regulating personal finance is related to the ability to think long into the future. A person is required to be able to make plans for the future. This is needed so that the mindset is not only limited at this time.
Short mindset like that is very dangerous. The reason is, no one can guess the future well. Therefore, good planning and preparation is a worthy effort and needs to be done.
Chinese billionaire, Jack Ma, proved it himself. Thanks to its ability to plan for the future, Ma can become one of the richest people in the world. Just look, Forbes noted that Ma had a wealth of 27.9 billion US dollars as of September 2016. Ma's success was inseparable from his foresight in planning the future. Ma saw a great opportunity from the internet that he first heard in 1994.
Initially it occurred in 1995 when he was introduced to the internet by his friend. Ma typed the search with the keyword "beer". Apparently, he did not find any from China. Ma then made further searches about China. However, none of the information was found.
This is what bothers him. He finally made a makeshift site that contained anything about China. Within a few hours after that, he received various questions about China.
The incident made him more confident with the prospects of the internet. He then had time to work as a site maker for various companies in China. However, in 1998, Ma finally decided to return to China and set up an online marketplace company.
Now, success is achieved. The company developed into one of the largest companies in the world. "We are successful at this time not because of what we did today. We have dreamed about it 15 years ago, "Ma said.
By thinking ahead, Ma could plan his life. Instead of using the money for today's needs only, he instead uses it for his future needs. Not surprisingly, he enjoyed the success of life.
Try to Grow Money
"Profitability is coming from productivity, efficiency, management, austerity, and the way to manage the business." - Carlos Slim
The way people succeed in managing other personal finances that can be replicated is always trying to make the money multiply. One step that can be done is to invest.
The story of the life of one of the richest people in the world today, Carlos Slim, can be an example. Slim has invested since he was a kid. Just imagine, at the age of eleven, this Mexican man had invested money in an obstruction of his country's government. Then, a year later, Slim bought his first share.
In fact, at the age of 15, he had become a shareholder in a bank in Mexico.
Slim is principled, no one is too quick to start something. If possible, why not do it now, he thought.
You can also act like Slim in managing personal finances. Why do you have to delay investing?
If you still feel inexperienced, mutual funds can be an option. With a lower level of risk than stocks, mutual funds are an attractive option. Together with Fixed Income Funds from DBS, it is suitable for medium-term investments from one to three years.
This product is a type of medium-risk mutual fund that provides returns on investment with a bond composition ≥ 80% of the total portfolio. In addition, Fixed Income Funds play an important role in balancing your portfolio with diversification in the fixed income asset class.
What really distinguishes is the ability to manage various things in his life, including managing personal finances. Successful people can always do well. As a result they can arrange their lives according to their dreams.
To manage personal finance is actually not complicated. There are several principles that can be used as a handle when managing personal finance. These principles are often referred to as Golden Rules because they can be applied by anyone and at any time.
All of that is not just empty messages. Successful people like Jack Ma, Warren Buffett, Carlos Slim have proven it themselves. By practicing how to manage personal finances in a disciplined and consistent manner, they can accelerate into successful people in their lives.
Want to know how they manage personal finance? Check out the following review.
Use Money Under Revenue
"Only buy something that you 'd be perfectly happy to hold if the market shut down for 10 years." - Warren Buffett
A crucial factor in managing personal finance is the ability to refrain from using money below the amount you have.
This is not easy because desires and needs are contradictory. Desires have never been exhausted, while the needs must be fulfilled.
Often people's failures in managing personal finances are due to prioritizing wants rather than needs. As a result, the money used can be greater than what is owned. Famous investor from the United States, Warren Buffett, has put it into practice.
The third richest man in the world in 2015 according to Forbes even has a habit of suppressing tight spending. He said, "Don't save as much as the money left after being used. Use the money available after saving. "
To do this, Buffett always keeps his life style down. Despite being a billionaire, Buffett still lives modestly. One example he chose to continue to live in a simple house he bought in 1958.
With property price movements up to now, the house is worth 31,500 US dollars (around Rp.412.3 million). In fact, with the value of wealth estimated by Forbes reached 66.4 billion US dollars, Buffett should be easy to buy a new home.
According to Buffett, anyone can manage personal finances like himself. Saving is called a habit that must be owned. "I think the biggest mistake for most people is not learning to save well from an early age, because it's a habit," Buffett said.
So what are you waiting for? Immediately press expenditure as small as possible. Spend money according to what is left after saving, for a better life.
Always Planning for the Future
"Never give up. Today is hard, tomorrow will be worse, but the day after tomorrow will be sunshine." - Jack Ma
The next main principle in regulating personal finance is related to the ability to think long into the future. A person is required to be able to make plans for the future. This is needed so that the mindset is not only limited at this time.
Short mindset like that is very dangerous. The reason is, no one can guess the future well. Therefore, good planning and preparation is a worthy effort and needs to be done.
Chinese billionaire, Jack Ma, proved it himself. Thanks to its ability to plan for the future, Ma can become one of the richest people in the world. Just look, Forbes noted that Ma had a wealth of 27.9 billion US dollars as of September 2016. Ma's success was inseparable from his foresight in planning the future. Ma saw a great opportunity from the internet that he first heard in 1994.
Initially it occurred in 1995 when he was introduced to the internet by his friend. Ma typed the search with the keyword "beer". Apparently, he did not find any from China. Ma then made further searches about China. However, none of the information was found.
This is what bothers him. He finally made a makeshift site that contained anything about China. Within a few hours after that, he received various questions about China.
The incident made him more confident with the prospects of the internet. He then had time to work as a site maker for various companies in China. However, in 1998, Ma finally decided to return to China and set up an online marketplace company.
Now, success is achieved. The company developed into one of the largest companies in the world. "We are successful at this time not because of what we did today. We have dreamed about it 15 years ago, "Ma said.
By thinking ahead, Ma could plan his life. Instead of using the money for today's needs only, he instead uses it for his future needs. Not surprisingly, he enjoyed the success of life.
Try to Grow Money
"Profitability is coming from productivity, efficiency, management, austerity, and the way to manage the business." - Carlos Slim
The way people succeed in managing other personal finances that can be replicated is always trying to make the money multiply. One step that can be done is to invest.
The story of the life of one of the richest people in the world today, Carlos Slim, can be an example. Slim has invested since he was a kid. Just imagine, at the age of eleven, this Mexican man had invested money in an obstruction of his country's government. Then, a year later, Slim bought his first share.
In fact, at the age of 15, he had become a shareholder in a bank in Mexico.
Slim is principled, no one is too quick to start something. If possible, why not do it now, he thought.
You can also act like Slim in managing personal finances. Why do you have to delay investing?
If you still feel inexperienced, mutual funds can be an option. With a lower level of risk than stocks, mutual funds are an attractive option. Together with Fixed Income Funds from DBS, it is suitable for medium-term investments from one to three years.
This product is a type of medium-risk mutual fund that provides returns on investment with a bond composition ≥ 80% of the total portfolio. In addition, Fixed Income Funds play an important role in balancing your portfolio with diversification in the fixed income asset class.
